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Amex for Developers
11–20 of 95 posts
Re: Amex for Developers
#12Hmm. For the typical card-not-present (online) use case, stripe.com and paypal do a pretty darn good job of processing AMEX payment cards, as well as the others. Tokenization is vital in this age of cybermiscreants. Ya don't want customer payment card data in your dbms. The stripe.com API offers tokenization, and it offers the ability to send and validate data like zip/postcode, cvv and street address to cut fraud. T…
offers tokenization
s/tokenization/lockin/ # devil's advocate
Re: Amex for Developers
#13It's tempting to think this ship has already sailed and they're late to the party, but I'm actually more concerned.
Recently, we saw MasterCard announcing APIs; ultimately the card issuers are the real gatekeepers of their own data and their own integrations, and as more of them move to gain the control back that they ceded with their lack of public developer engagement, the role of payment processors becomes less clear.
Sure, for the near future, a payment processor can continue to abstract away from the actual card issuer; but as richer APIs surface, those may siphon away marketshare from payment processors.
Re: Amex for Developers
#14Hmm. For the typical card-not-present (online) use case, stripe.com and paypal do a pretty darn good job of processing AMEX payment cards, as well as the others. Tokenization is vital in this age of cybermiscreants. Ya don't want customer payment card data in your dbms. The stripe.com API offers tokenization, and it offers the ability to send and validate data like zip/postcode, cvv and street address to cut fraud. T…
>And these service providers offer the >highestThe only people I've ever met that recommend Stripe are developers.
The only people I'd recommend Square to are merchants whose avg ticket is less than $5 or are borderline hobbyists.
The number of hardcore PP users has dropped significantly in the last 5 years, in my experience, to less than 10%.
Re: Amex for Developers
#15Less than 10% of our customers pay with Amex. Can someone shed some light on why a developer would implement this for Amex payments vs just using Stripe, Auth.net or another payment gateway that supports Amex?
I am trying to understand the value here and how this will benefit the developer and/or consumer.
Re: Amex for Developers
#16Less than 10% of our customers pay with Amex. Can someone shed some light on why a developer would implement this for Amex payments vs just using Stripe, Auth.net or another payment gateway that supports Amex? I am trying to understand the value here and how this will benefit the developer and/or consumer.
It's probably cheaper. If it saves you 1/2% it may be worth it if you're doing >$1mil.
(Note that I have no idea how much cheaper it is because they don't seem to have prices anywhere. Which makes me irrationally angry and looking forward to their all-but-inevitable demise over the next decade).
Re: Amex for Developers
#17So can someone explain to me why one would use amex over stripe or braintree? Or why would one use mastercard's API or Visa's? They all have similar APIs right?
Re: Amex for Developers
#18Less than 10% of our customers pay with Amex. Can someone shed some light on why a developer would implement this for Amex payments vs just using Stripe, Auth.net or another payment gateway that supports Amex? I am trying to understand the value here and how this will benefit the developer and/or consumer.
It's probably cheaper. If it saves you 1/2% it may be worth it if you're doing >$1mil. (Note that I have no idea how much cheaper it is because they don't seem to have prices anywhere. Which makes me irrationally angry and looking forward to their all-but-inevitable demise over the next decade).
I would bet it's more expensive than Stripe. AmEX is known for being much more expensive than Visa and MC, and I wouldn't be surprised if Stripe loses money on every AmEx transaction (but makes it up on other cards).
Re: Amex for Developers
#19AMEX in Australia:
Maybe 1 in 10 merchants even accept it, for that 1 you pay a much higher surcharge.
Re: Amex for Developers
#20So can someone explain to me why one would use amex over stripe or braintree? Or why would one use mastercard's API or Visa's? They all have similar APIs right?
The biggest reason would be price. I don't know the amex payment pricing or how it differs from stripe/braintree, but cutting out the middle man has got to be cheaper.
I run a small business using stripe and cc processing fees are a big hit. The service and support is amazing and it's so easy to use, but it's not cheap. They charge the same for every card type when the card providers charge in-person merchants much different (and lower) rates.